La vendita allo scoperto per Trex Co dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Trex Co. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Trex Co (NYSE:TREX) Azioni, Report sulle vendite allo scoperto

Trex Co

Trex Co Inc is a manufacturer of wooden alternative decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in one reportable segment i.e. Trex Residential.

Trex Co Inc

TREX ACQUISITION CORP by Trex Acquisition Corp.

Trex Acquisition Corp

Since the end of the third quarter of 2024, two of Trex's exclusive decking distributors have become exclusive distributors for the Company's newly expanded railing product portfolio.
Longtime Trex distributor Snavely Forest Products announced in mid-October that it will sell Trex railing exclusively through its nationwide distribution network and, in early 2025, will add Colorado to its service areas.
Earlier today, Trex announced the strengthening of its relationship with Boise Cascade, a leading U.S. distributor of building products. &nbsp;
 &nbsp;

News

TREX

Trex Updates On Its Program To Expand Exclusivity With Existing Partners To Include Its Railing Products

DA Davidson analyst Kurt Yinger maintains Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) with a Neutral and raises the price target from $70 to $74.

Price Target

Analyst Ratings

DA Davidson Maintains Neutral on Trex Co, Raises Price Target to $74

BMO Capital analyst Ketan Mamtora maintains Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) with a Market Perform and raises the price target from $67 to $72.

BMO Capital Maintains Market Perform on Trex Co, Raises Price Target to $72

In the last three months, 15 analysts have published ratings on Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $78.6, along with a high estimate of $100.00 and a low estimate of $67.00. Experiencing a 17.03% decline, the current average is now lower than the previous average price target of $94.73. 
<img src="https://www.benzinga.com/files/images/story/2024/1730210436_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of Trex Co's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Bouley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$67.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$78.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Ketan Mamtora</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$67.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Philip Ng</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$73.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Michael Rehaut</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$69.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Ketan Mamtora</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$82.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Trey Grooms</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$72.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Rafe Jadrosich</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Alex Rygiel</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$97.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>John Lovallo</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$79.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jeffrey Stevenson</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$75.00</td>
<td>$95.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Trex Co. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Trex Co compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Trex Co's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TREX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Trex Co analyst ratings.</a>
<h2>About Trex Co</h2>
Trex Co Inc is a manufacturer of wooden alternative decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in one reportable segment i.e. Trex Residential.
<h3>Unraveling the Financial Story of Trex Co</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Trex Co showcased positive performance, achieving a revenue growth rate of 5.59% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Trex Co's net margin is impressive, surpassing industry averages. With a net margin of 23.11%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Trex Co's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.24% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Trex Co's ROA stands out, surpassing industry averages. With an impressive ROA of 6.79%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Trex Co's debt-to-equity ratio is below the industry average at 0.11, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 15 Analyst Recommendations For Trex Co

Barclays analyst Matthew Bouley maintains Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) with a Underweight and lowers the price target from $68 to $67.

Barclays Maintains Underweight on Trex Co, Lowers Price Target to $67

<h3>Gainers</h3>
<ul>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares rose 31.9% to $3.56 during Tuesday's pre-market session. The market value of their outstanding shares is at $3.6 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) stock moved upwards by 9.09% to $1.2. The market value of their outstanding shares is at $53.9 million. </li>
<li>FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) shares rose 7.84% to $1.1. The market value of their outstanding shares is at $153.4 million. </li>
<li>Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) shares rose 7.12% to $71.25. The company's market cap stands at $7.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares moved upwards by 5.8% to $0.28. The market value of their outstanding shares is at $13.5 million. </li>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) shares rose 5.42% to $2.33. The company's market cap stands at $31.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock decreased by 36.5% to $0.8 during Tuesday's pre-market session. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock decreased by 11.12% to $0.72. The company's market cap stands at $10.7 million. </li>
<li>Janus Intl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) shares fell 9.32% to $9.35. The market value of their outstanding shares is at $1.3 billion. As per the news, the Q3 earnings report came out today. </li>
<li>CPI Aerostructures (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CVU#AMEX">CVU</a>) stock fell 6.96% to $3.21. The company's market cap stands at $41.8 million. </li>
<li>FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) stock decreased by 6.27% to $0.82. The company's market cap stands at $7.8 million. </li>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares decreased by 5.76% to $18.0. The company's market cap stands at $432.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AREB

EFSH

GRFX

NOTE

PGHL

PITA

PXDT

SPAI

12 Industrials Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) stock moved upwards by 31.9% to $3.56 during Tuesday's pre-market session. The market value of their outstanding shares is at $3.6 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) stock rose 9.09% to $1.2. The market value of their outstanding shares is at $53.9 million. </li>
<li>FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) stock rose 7.84% to $1.1. The market value of their outstanding shares is at $153.4 million. </li>
<li>Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) stock moved upwards by 7.12% to $71.25. The market value of their outstanding shares is at $7.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares moved upwards by 5.8% to $0.28. The company's market cap stands at $13.5 million. </li>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) shares rose 5.42% to $2.33. The market value of their outstanding shares is at $31.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock fell 36.5% to $0.8 during Tuesday's pre-market session. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) shares decreased by 11.12% to $0.72. The market value of their outstanding shares is at $10.7 million. </li>
<li>Janus Intl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) shares fell 9.32% to $9.35. The company's market cap stands at $1.3 billion. As per the press release, Q3 earnings came out today. </li>
<li>CPI Aerostructures (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CVU#AMEX">CVU</a>) stock fell 6.96% to $3.21. The company's market cap stands at $41.8 million. </li>
<li>FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) shares decreased by 6.27% to $0.82. The market value of their outstanding shares is at $7.8 million. </li>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares decreased by 5.76% to $18.0. The market value of their outstanding shares is at $432.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Baird analyst Timothy Wojs maintains Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) with a Neutral and raises the price target from $70 to $78.

Baird Maintains Neutral on Trex Co, Raises Price Target to $78

WIIM

Trex shares are trading higher after the company reported better-than-expected Q3 financial results.

<h3>Gainers</h3>
<ul>
<li>Nixxy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) stock moved upwards by 7.9% to $2.86 during Monday's after-market session. The company's market cap stands at $11.5 million. </li>
<li>ConnectM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares moved upwards by 5.99% to $1.05. The market value of their outstanding shares is at $26.1 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock increased by 5.23% to $1.81. The company's market cap stands at $272.3 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) stock rose 4.99% to $0.67. The market value of their outstanding shares is at $85.2 million. </li>
<li>Galaxy Payroll Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXG#NASDAQ">GLXG</a>) stock rose 4.97% to $12.86. The market value of their outstanding shares is at $228.2 million. </li>
<li>Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) shares rose 4.87% to $69.75. The market value of their outstanding shares is at $7.5 billion. The company's, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares decreased by 7.2% to $0.54 during Monday's after-market session. The market value of their outstanding shares is at $2.2 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock declined by 7.06% to $0.79. The company's market cap stands at $11.7 million. </li>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock declined by 6.22% to $1.51. The company's market cap stands at $22.4 million. </li>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares fell 5.76% to $18.0. The market value of their outstanding shares is at $432.0 million. </li>
<li>Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) shares decreased by 5.56% to $50.0. The company's market cap stands at $6.5 billion. The company's, Q3 earnings came out today. </li>
<li>Gencor Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GENC#AMEX">GENC</a>) shares decreased by 5.1% to $19.12. The market value of their outstanding shares is at $280.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BURU

CLIK

CNTM

FTCI

GENC

GLXG

NIXX

NRGV

12 Industrials Stocks Moving In Monday's After-Market Session

Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) narrows FY2024 sales outlook from $1.13 billion-1.15 billion to $1.14 billion.

Guidance

Trex Co Narrows FY2024 Sales Guidance from $1.13B-1.15B to $1.14B

Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.32 by 15.62 percent. The company reported quarterly sales of $233.717 million which beat the analyst consensus estimate of $225.394 million by 3.69 percent. This is a 23.08 percent decrease over sales of $303.836 million the same period last year.

Earnings

Earnings Beats

Trex Co Q3 2024 GAAP EPS $0.37 Beats $0.32 Estimate, Sales $233.717M Beat $225.394M Estimate

Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) is set to give its latest quarterly earnings report on Monday, 2024-10-28. Here's what investors need to know before the announcement.
Analysts estimate that Trex Co will report an earnings per share (EPS) of $0.32. 
Anticipation surrounds Trex Co's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.02, leading to a 21.54% drop in the share price the following trading session.
Here's a look at Trex Co's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.78</td>
<td>0.71</td>
<td>0.19</td>
<td>0.50</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.80</td>
<td>0.82</td>
<td>0.20</td>
<td>0.57</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-22.0%</td>
<td>-6.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729875716_0.png" alt="eps graph" />
<h3>Market Performance of Trex Co's Stock</h3>
Shares of Trex Co were trading at $64.14 as of October 24. Over the last 52-week period, shares are up 16.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Observations about Trex Co</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Trex Co.
The consensus rating for Trex Co is Neutral, derived from 13 analyst ratings. An average one-year price target of $79.54 implies a potential 24.01% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Simpson Manufacturing Co, Zurn Elkay Water and AZEK Co, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Outperform trajectory for Simpson Manufacturing Co, with an average 1-year price target of $218.0, indicating a potential 239.88% upside.</li>
<li>The consensus among analysts is an Outperform trajectory for Zurn Elkay Water, with an average 1-year price target of $37.5, indicating a potential 41.53% downside.</li>
<li>AZEK Co is maintaining an Neutral status according to analysts, with an average 1-year price target of $48.44, indicating a potential 24.48% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary provides a snapshot of key metrics for Simpson Manufacturing Co, Zurn Elkay Water and AZEK Co, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Trex Co</td>
<td>Neutral</td>
<td>5.59%</td>
<td>$168.11M</td>
<td>10.24%</td>
</tr>
<tr>
<td>Simpson Manufacturing Co</td>
<td>Outperform</td>
<td>-1.65%</td>
<td>$278.55M</td>
<td>5.16%</td>
</tr>
<tr>
<td>Zurn Elkay Water</td>
<td>Outperform</td>
<td>2.18%</td>
<td>$186.30M</td>
<td>2.87%</td>
</tr>
<tr>
<td>AZEK Co</td>
<td>Neutral</td>
<td>12.08%</td>
<td>$164.32M</td>
<td>3.61%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Trex Co ranks highest in revenue growth among its peers. It also leads in gross profit margin. However, it has the lowest return on equity compared to its peers.
<h3>About Trex Co</h3>
Trex Co Inc is a manufacturer of wooden alternative decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in one reportable segment i.e. Trex Residential.
<h3>Trex Co's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Trex Co's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.59% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Trex Co's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 23.11%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Trex Co's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 10.24%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Trex Co's ROA stands out, surpassing industry averages. With an impressive ROA of 6.79%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Trex Co's debt-to-equity ratio is below the industry average at 0.11, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/TREX/earnings">To track all earnings releases for Trex Co visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring Trex Co's Earnings Expectations

BMO Capital analyst Ketan Mamtora maintains Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) with a Market Perform and lowers the price target from $82 to $67.

BMO Capital Maintains Market Perform on Trex Co, Lowers Price Target to $67

Jefferies analyst Philip Ng maintains Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) with a Hold and lowers the price target from $77 to $73.

Jefferies Maintains Hold on Trex Co, Lowers Price Target to $73

BLDR

FBIN

IESC

Shares of construction and home builder companies are trading higher following strong New Home Sales economic data for July. Also, the sector may be moving in sympathy with the market after Fed Chair Powell offered an optimistic U.S. economic outlook and indicated future rate cuts.

Disclosed in the latest SEC filing, a significant insider purchase on August 19, involves Christian David Keffer, Director at Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>).
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001069878/000112760224022394//Archives/edgar/data/1069878/000112760224022394/0001127602-24-022394-index.htm">U.S. Securities and Exchange Commission</a> on Monday unveiled that Keffer made a notable purchase of 863 shares of Trex Co, valuing at $55,016.
Trex Co shares are trading up 0.99% at $64.03 at the time of this writing on Monday morning.
<h3>Unveiling the Story Behind Trex Co</h3>
Trex Co Inc is a manufacturer of wooden alternative decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in one reportable segment i.e. Trex Residential.
<h3>Trex Co: Financial Performance Dissected</h3>
Revenue Growth: Trex Co displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 5.59%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 44.65%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Trex Co's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.8.
</li>
</ul>
Debt Management: Trex Co's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.11.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 26.2, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 5.52 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 17.31, Trex Co demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Activity Matters in Finance</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001069878">Check Out The Full List Of Trex Co's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Eye On Growth: Christian David Keffer Adds $55K Of Trex Co Stock To Portfolio

JP Morgan analyst Michael Rehaut maintains Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) with a Neutral and lowers the price target from $95 to $69.

JP Morgan Maintains Neutral on Trex Co, Lowers Price Target to $69

Trex Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) short percent of float has fallen 5.8% since its last report. The company recently reported that it has 5.36 million shares sold short, which is 5.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Trex Co Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723212920_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Trex Co has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Trex Co's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Trex Co's peer group average for short interest as a percentage of float is 3.96%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Trex Co's Recent Short Interest

BMO Capital raised the firm's price target on Trex Company (TREX) to $72 from $67 and keeps a Market Perform rating on the shares after its Q3 earn...

Trex Company price target raised to $72 from $67 at BMO Capital

DA Davidson raised the firm's price target on Trex Company (TREX) to $74 from $70 and keeps a Neutral rating on the shares. The company's Q3 earnin...

Trex Company price target raised to $74 from $70 at DA Davidson

In a report released today, Rafe Jadrosich from Bank of America Securities maintained a Buy rating on Trex Company (TREX – Research Report). The co...

Bank of America Securities Sticks to Their Buy Rating for Trex Company (TREX)

Trex Company: The Bottom Is In (Rating Upgrade)

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Trex Company (TREX) has strengthened its relationship with Boise Cascade (BCC) Moving forward, Trex will be the only brand of composite decking and...

Boise Cascade goes exclusive with Trex railing and expands Trex footprint

Truist Financial analyst Keith Hughes assigned a Buy rating to the stock today. The company's shares closed yesterday at $72.64. According to TipRa...

Trex Company (TREX) Receives a New Rating from a Top Analyst

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Press Releases

Trex Company Announces September 2024 Investor Conference Schedule

Trex Adds Two New Hues With Enhanced Performance to Trex Enhance® Decking Line

General

NexTrex Launches National Drop-Off Directory for Plastic Bag and Film Recycling

Trex Company Announces Timing of Third Quarter 2024 Earnings Release and Conference Call

Snavely Forest Products Goes All-in With Trex

Trex Fortifies Its Position as the #1 Brand of Decking And Residential Railing With Its Most Extensive Line-Up of New Products to Date

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